Is adult friend finder a scam?
The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.
It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.
The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
Friend Finder had not turned a net profit since at least 2008.
This keeps the site clean from any potential bots and fake profiles that can threaten the safety of its members.Friend Finder was launched in 1996 by Andrew Conru.After discovering that users had been using the service to seek sexual partners, he launched Adult Friend Finder as a spin-off, followed later by other spin-offs dealing with different regions and niches.Majority of the people in Friend Finder are in their mid-30s to early 40s.Finding a serious relationship on this site could be difficult, as it mostly has members who are looking for fun and casual online flings.It caters to a broader and more diverse audience compared to the other dating sites that the company runs.It has one of the largest online dating and friendship communities in the world.But if are lucky, you might stumble upon some singles who are looking for their other half.Since Friend Finder is like a social networking site, it is more open to people of different genders and sexual preferences.Android: Tap the Settings icon (it looks like three horizontal lines), then tap App Settings, then toggle the "Open links externally" setting to On (it should turn from gray to blue). It has the same operators as Alt.com, Passion.com, and TSDates.